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Homes for Sale by Owner Increase With the Help of Technology

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By : John Cutts    99 or more times read
The number of homes for sale by owner (FSBO) in various areas of the U.S. has increased during the year compared with previous periods. The National Association of Realtors has reported that in 2009, only 11% of home sellers in the whole U.S. sold their properties without the help of real estate agents or realtors.

The rise in the number of FSBO has been attributed by housing experts to the presence of helpful technology that allows sellers to access information that only property agents have access before. The presence of video, social media sites and other online tools has made it easier for home sellers to market their properties on their own and get a good price, analysts have revealed.

However, experts have stated that the level of competitiveness in the home selling market means that there is a bigger need for independent sellers to know more than they usually do to be able to unload their properties at prices that can bring in some profits. For those who are willing to learn, market experts have stated that the amount of savings that they can get will be worth all their efforts.

They also stated that the first requirement for successful homes for sale by owner is pricing them right. This task is often handled by agents who examine the prevailing prices of similar homes and make comparison reports for sellers to look at. These days however, various online resources can provide homeowners with such information without having to hire a realtor.

House selling experts also advise sellers to invest in home appraisal services before listing their properties. They stated that getting a correct appraisal rate for the property will help determine the right price for the house. Besides, analysts reveal that lenders will not provide loans that are higher than the value of the property as declared by a licensed appraiser.

To make sure that buyers will pay attention to the property, sellers of homes for sale by owner should also try to attract brokers working for potential buyers. According to housing experts, offering buyers' brokers with a percentage of the sales price will go a long way towards bringing potential buyers to the table.
John Cutts has been educated in the finer points of the foreclosure market over 5 years.

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